Canoe V2: Mobile-first Gaming DeFi SDK

Canoe (Previously MetaDEX)
blog.canoe.finance
Published in
3 min readJun 16, 2022

The Rise of Metaverse…

As GameFi reared its head, many Web 2.0 games, browser and mobile, were skeptical about bridging over to a tokenized ecosystem. The daunting nature of Web 3.0 was intimidating enough, nonetheless shifting your entire game to it. It was also difficult for aspiring Web 3.0 games to kick-start their development, as questions of “how are we going to bring in an internal dex” or “how do we keep users only on our website” loomed. Canoe started to solve the latter issue only, by providing a simple toolkit that allowed users to perform DeFi functions on any project’s website. As they were building they found that many projects wanted to migrate to iOS and Android, but lacked the facilities to do so. In addition, they found that many Web 2.0 projects wanted to take a step into Web 3.0, but did not have the proper toolkit to seamlessly bridge over. Now, Canoe is taking the next innovative step, and further establishing its vision to “bring DeFi to your fingertips.” Canoe is building a mobile-first SDK, powered by Unity to both offer its DEX services, as well as assist developers to either create or bridge over to Web 3.0.

The growth of game users has brought tremendous changes to the gaming industry, especially the mobile game market. The industry is raking in more than billions in revenue and consequently, there is a vast opportunity for operators in this space. Canoe is able to see the opportunity and is ready to take it. That is why Canoe wants to build a gaming SDK for developers of Web 2.0 game companies. As mobile games have a larger user base than other types and can be played anywhere and anytime, the gaming SDK will be directly compatible with the Unity Engine.

The main features of the gaming SDK are:

  • Integrate and authenticate Web 3.0 wallets with its corresponding users
  • Introduce smart contract functions
  • Turn any (in-game) asset into an NFT, which then can be bought, sold or traded amongst users
  • Introduce tokens relative to the game ecosystem itself
  • Introduce staking, DEXs and lending depending on the game company
  • Integrate with any chain or sub-chain, ie, cross-chain

With Canoe’s DeFi Toolkit and a gaming SDK, Canoe will drive a new MetaFi market, which promises Web 3.0 integration from Web 2.0 games as well as inviting emerging games wanting to create a tokenized platform to begin its development.

In the coming future, Canoe aims to use its new SDK to fully service a Web 2.0 game or an upcoming Web 3.0 game. It will provide a DEX to its mobile app, and also be the underlying coding mechanism. To set the precedence, Canoe is also building a game with a partner, to show the public why building on Canoe will optimize your game. Canoe plans on creating compatibility with its existing partnerships with gaming protocols and public chains to establish a network of projects set on bringing mass adoption using GameFi. With these plans, Canoe seeks to be the industry leader in SDK services, providing the bridge and both sides of it, to “bring DeFi to your fingertips”.

We Invite You to Join our Lab.

Twitter: Canoe (Previously MetaDEX)
Discord: https://discord.gg/Etpb5aVu

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Canoe (Previously MetaDEX)
blog.canoe.finance

Accessible Financial service for Metaverse with one simple integration.